Ukraine

Modern Ukraine is a rather young democracy, but with strong historical and cultural traditions. Previously the second most important economic component of the former Soviet Union and in transition to market economy since 1990, Ukraine is now an intensively developing country rebuilding its capacities.

Geographical location of Ukraine allows the country to be a bridge between Eastern and Western Europe.

Focus on European Economic Integration

On 27 June 2014, the European Union and the Ukrainian President Petro Poroshenko signed the economic part of the Ukraine–European Union Association Agreement.

Now Ukraine is on the way of implementation of the economic, judicial, and financial reforms to converge its policies and legislation to those of the European Union.

Meanwhile, the EU is committed to provide Ukraine with political and financial support, access to research and knowledge, and preferential access to EU markets.

International Relations

A member of United Nations (1945), International Monetary Fund (1992), several organizations of the World Bank Group, Partnership for Peace (1994), Council of Europe (1995), World Trade Organization (2008)

Economic Development

38th in the world by GDP of $302.5 billion (CIA, 2010)

82nd out of 142 countries in The Global Competitiveness Report 2011-2012 (+7 points comparing to 2010)